151,834 Shares in Simpson Manufacturing Company, Inc. $SSD Purchased by Ranger Investment Management L.P.

Ranger Investment Management L.P. acquired a new position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 151,834 shares of the construction company’s stock, valued at approximately $31,786,000. Simpson Manufacturing comprises 2.0% of Ranger Investment Management L.P.’s holdings, making the stock its 12th biggest position.

Several other institutional investors and hedge funds also recently bought and sold shares of SSD. EverSource Wealth Advisors LLC lifted its position in shares of Simpson Manufacturing by 135.3% in the second quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock worth $25,000 after purchasing an additional 92 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Simpson Manufacturing during the fourth quarter valued at approximately $32,000. Brown Brothers Harriman & Co. purchased a new position in Simpson Manufacturing during the third quarter valued at approximately $34,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Simpson Manufacturing in the 1st quarter valued at approximately $37,000. Finally, Smartleaf Asset Management LLC increased its stake in Simpson Manufacturing by 33.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 226 shares of the construction company’s stock valued at $37,000 after buying an additional 57 shares during the period. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on SSD. Weiss Ratings upgraded shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 24th. Stifel Nicolaus boosted their price target on shares of Simpson Manufacturing from $217.00 to $218.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Stephens upped their price target on shares of Simpson Manufacturing from $210.00 to $215.00 and gave the stock a “cautious” rating in a research note on Tuesday, July 28th. Wall Street Zen lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, UBS Group reissued a “neutral” rating on shares of Simpson Manufacturing in a research report on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $216.25.

Simpson Manufacturing Trading Down 0.1%

NYSE:SSD opened at $188.66 on Monday. The stock’s 50 day moving average price is $194.66 and its 200 day moving average price is $188.61. Simpson Manufacturing Company, Inc. has a 52 week low of $156.32 and a 52 week high of $213.49. The company has a market capitalization of $7.76 billion, a P/E ratio of 20.62 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.14 and a current ratio of 3.29.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, July 27th. The construction company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.72 by $0.37. The firm had revenue of $671.08 million during the quarter, compared to analysts’ expectations of $658.76 million. Simpson Manufacturing had a net margin of 15.65% and a return on equity of 18.45%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.47 earnings per share. On average, research analysts forecast that Simpson Manufacturing Company, Inc. will post 9.09 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, October 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.6%. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 13.11%.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.